PNB Housing’s gross NPA ratio stood at 0.84% of total loans as on September against 0.45% a year back.
The company will soon launch roadshows to raise equity capital worth Rs 2000 crore.
Credit-funded buys touch a record of about 75% for consumer durables, 55-60% for smartphones.
The two are existing investors in Ujjivan Financial Services, the publicly listed holding company of the bank.
All six MPC members voted to retain the accommodative stance at the October meeting.
The rise in wealth has marked higher domestic participation in the capital markets, mutual funds, making the trend a sustainable one, according to India Wealth Report 2019, published by Karvy Private Wealth.
Services may be hampered, while SBI said impact would be minimum as most of its staff are not members of participating unions. Banks such as Bank of Maharashtra and Syndicate Bank have expressed concerns over providing customer services.
Securitisation of assets by NBFCs and mortgage lenders surge 48% in the first half of the fiscal year
The volume grew to Rs 1 lakh crore as both established and new originators flocked to the securitization market to raise resources profile in a challenging financing environment, rating company Crisil said in report.
Banerjee was also one of the advisors to Congress on the ambitious NYAY scheme, proposed ahead of 2019 polls.
State Bank of India has Wednesday reduced its marginal cost based lending rate (MCLR) by 10 basis points across all tenors with effect from October 10, making it the bank's sixth cut in MCLR in FY20.
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